bullish

Carro

Carro: Southeast Asia's Leading Used Car Marketplace

283 Views07 Sep 2022 08:49
SUMMARY
  • An online used car marketplace in Singapore that offers full-stack services across a customer’s car ownership lifecycle.
  • The company facilitated an annual run-rate GMV of ~S$1 billion (with >2 million MAUs) in 2020 and managed to earn a revenue of c. $465m in FY21.
  • It reached unicorn status in the previous round of fund raise in Jun 2021 and has started preparing for an IPO internally.
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Alec Tseung
Fintech & EM-focused Analyst
KT Capital Group
Hong Kong & ChinaFinancials & Information TechnologyEquity Bottom-UpThematic (Sector/Industry)
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